Pembroke Pines FHA Loans

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Pembroke Pines Florida FHA home mortgage loans allow clients to get an easy home loan for your house. The US federal government insures these home mortgage loans through the FHA Department to ensure homeowners to get home mortgage loans with limited requirements and to provide security to the bank. If a person does not make his commitments, the mortgage insurance covers the loss of the banks.

Pros of Pembroke Pines Florida FHA Mortgage Loans

With a low down of only 3.5% and its flexible terms of borrowing, Pembroke Pines Florida FHA home mortgage loans become one of the best options for FTHB in today’s market. Even individuals with below average credit history can easily opt for a Pembroke Pines Florida FHA home loan.

Drawbacks of a Pembroke Pines Florida FHA Home Mortgage Loan

However with the benefits of easy accessibility comes the drawbacks that you have to pay a little extra on your monthly home loan payments to make up for the Mortgage Insurance Premium (MIP).

Guidelines to Get Qualified for an FHA Home Mortgage Loan

To ensure you qualify for a Pembroke Pines Florida FHA home loan, you must be a legal citizen of the USA with a steady job. In addition, as the FHA only approves selected banks for their home loan insurance, you can not process a loan application for a Pembroke Pines Florida FHA home loan from every bank. Even after you locate the perfect home loan from every bank, an FHA home loan is only acceptable if the house you wish to buy has been approved by the Federal Housing Administration.

Maximum Loan Amounts of a Pembroke Pines FL FHA Home Mortgage Loan

The limits of the home loan amount vary from state to state and county to county, however, the general maximum home loan amount is approximately $625,000.

How to Get a Pembroke Pines FL FHA Home Mortgage Loan?

If you would like to obtain a Pembroke Pines Florida FHA home loan, contact First Nationwide Lending, where we can provide you with more information regarding these home mortgage loans and clarify your query to streamline the process of buying your new home.

 

Contact Us

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1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

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